Techno Medical PCL (BKK:TM) Days Payable : 60.63 (As of Mar. 2024)

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What is Techno Medical PCL Days Payable?

Techno Medical PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿81.5 Mil. Techno Medical PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿122.7 Mil. Hence, Techno Medical PCL's Days Payable for the three months ended in Mar. 2024 was 60.63.

The historical rank and industry rank for Techno Medical PCL's Days Payable or its related term are showing as below:

BKK:TM' s Days Payable Range Over the Past 10 Years
Min: 47.22 Med: 74.23 Max: 96.58
Current: 62.68

During the past 9 years, Techno Medical PCL's highest Days Payable was 96.58. The lowest was 47.22. And the median was 74.23.

BKK:TM's Days Payable is ranked worse than
61.29% of 93 companies
in the Medical Distribution industry
Industry Median: 73.55 vs BKK:TM: 62.68

Techno Medical PCL's Days Payable declined from Mar. 2023 (64.58) to Mar. 2024 (60.63). It may suggest that Techno Medical PCL accelerated paying its suppliers.

Techno Medical PCL Days Payable Historical Data

The historical data trend for Techno Medical PCL's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Techno Medical PCL Days Payable Chart

Techno Medical PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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77.26

70.27

47.22

60.57

63.16

Techno Medical PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															64.58	59.29	62.62	63.72	60.63

Competitive Comparison of Techno Medical PCL's Days Payable

For the Medical Distribution subindustry, Techno Medical PCL's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Techno Medical PCL's Days Payable Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Techno Medical PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Techno Medical PCL's Days Payable falls into.

Techno Medical PCL Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Techno Medical PCL's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (77.536	+	83.558)	/	2 )	/	465.5	*	365
=	80.547					/	465.5	*	365
=	63.16

Techno Medical PCL's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (83.558	+	79.477)	/	2 )	/	122.693	*	365 / 4
=	81.5175					/	122.693	*	365 / 4
=	60.63

Techno Medical PCL Days Payable Related Terms

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Techno Medical PCL (BKK:TM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Techno Medical PCL (BKK:TM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Soi Latphrao 92, Phlap Phla sub-district, Wang Thong Lang district, Bangkok, THA, 10310

Website

https://www.technomedical.co.th

Techno Medical PCL is a Thailand-based company engaged in the trading business of medical supplies, tools, and equipment. The business activity of the group is import and distribution of operating instruments and disposable supplies, central sterile supply department products, instrument and supply used in laboratory and blood bank, and equipment and tools for heart surgery. Its segments consist of Disposable Equipment and Supplies and Medical Equipment and Instrument. Substantial revenue is derived from Disposable Equipment and Supplies segment.